Coronavirus

Ben Meng’s downfall raises questions about who would succeed him in a job that attracts so much unwelcome attention, not to mention navigate a pandemic.

“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.

Here’s what leaders around the world say must be done.

Now that the U.S. is five months into the COVID crisis a new victim is emerging. Caught between small businesses furloughing their staff landlords needing to collect rent are millions of hourly workers.

Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.

Because of potential tax and compliance implications, they must tell the company if they are working from a location other than their home address.

The funds have recorded $248 billion in net inflows in 2020, up about 5% from this time last year.